City of Surrey's Annual Financial Report 2021

CONSOLIDATED STATEMENT OF FINANCIAL POSITION CITY OF SURREY

As at December 31, 2021, with comparative figures for 2020 [in thousands of dollars]

2021

2020

FINANCIAL ASSETS Cash and cash equivalents Accounts receivable (Note 2) Portfolio investments (Note 3(a))

$

591,508 160,974

$

907,279 160,653 378,749

1,015,623

738

Investment in business partnership (Note 3(b))

624

1,768,843

1,447,305

LIABILITIES Trade and other accounts payable (Note 4)

104,121 144,997 30,765 351,295 130,994 371,704 356,970

74,338

Due to other governments (Note 5) Employee future benefits (Note 6) Deposits and prepayments (Note 7)

273,779

29,738

294,733 114,288 314,510 214,230 1,315,616

Deferred revenue (Note 8)

Deferred development cost charges (Note 9)

Debt (Note 10)

1,490,846

NET FINANCIAL ASSETS

277,997

131,689

NON-FINANCIAL ASSETS Tangible capital assets (Note 11)

9,631,885

9,474,308

1,195 6,776

Inventories of supplies

988

Prepaid expenses

5,352

9,639,856

9,480,648

ACCUMULATED SURPLUS (Note 12)

$

9,917,853

$

9,612,337

Commitments and contingencies (Note 14)

Kam Grewal, BBA, CPA, CMA CFO / General Manager, Finance

To be read in conjunction with the Notes to the Consolidated Financial Statements

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